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Oct 29, 2026

Amazon reports $77 billion AI capex as core e-commerce growth slows

Amazon disclosed capital spending of $77 billion to expand AI data centers while reporting its slowest e-commerce growth in three years, causing shares to drop as investors questioned the AI investment payoff.

Oct 29, 2026·6 sources
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Top claims

  • ▪Amazon reported Q3 2026 operating income of $17.8 billion, compared to $11.4 billion in Q3 2025
  • ▪Amazon shares fell more than 6% in extended trading on October 29, 2026, following the release of Amazon's Q3 earnings report
  • ▪Amazon spent more than $77 billion on property and equipment in Q3 2026 to build data centers and expand artificial intelligence capacity

People involved

Andy Jassy

Subtopics

AI bubble1AI bubble concerns1AI data centers1AI investment1Alphabet Inc.1Cloud Computing1Compute, chips & AI infrastructure1Meta1October 2026 AI stock sell-off1

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